"I am in favor of increasing the corporate income tax. Businesses should shoulder a larger share of the tax burden." This statement is
A) essentially correct.
B) false; businesses already shoulder most of the tax burden in the United States.
C) false; economic analysis indicates that the individual should pay more taxes and businesses less.
D) misleading; all taxes, including those levied on businesses, are paid by people.

Question

Quizplus · Accepted Answer

All taxes, including those levied on businesses, are ultimately paid by people. Therefore, the statement is misleading in implying that increasing corporate income tax would only affect businesses and not individuals. The distribution of tax burden between businesses and individuals is a complex issue that cannot be reduced to a simple statement.

"I Am in Favor of Increasing the Corporate Income Tax